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作者：Ellsaesser, Florian; Tsang, Eric W. K.; Runde, Jochen
作者单位：University of Texas System; University of Texas Dallas; University of Cambridge
摘要：We assess a recent paper by Durand and Vaara (2009) that advances causal graph modeling as a tool for inferring causes in strategy research. We focus on the Markov condition, a key assumption on which causal graph modeling is based, and show why this condition is invariably violated in strategic management in general and the resource-based view of the firm in particular. We then introduce vector space modeling as a quantitative alternative to causal graph modeling, and consider how improved me...
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作者：Patel, Pankaj C.; Cooper, Danielle
作者单位：Ball State University; University of North Texas System; University of North Texas Denton
摘要：Drawing on theoretical underpinnings of approach-avoidance motivation and CEO narcissism, we provide a framework examining stronger approach focus (motivation towards desirable outcomes) and weaker avoidance focus (motivation away from undesirable outcomes) in narcissistic CEOs using a quasi-natural experimental settingthe economic crisis beginning in 2007. Because highly narcissistic CEOs possess lower avoidance motivation in the precrisis period, their firms face greater declines in the onse...
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作者：Menz, Markus; Scheef, Christine
作者单位：University of St Gallen
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作者：Datta, Sudip; Iskandar-Datta, Mai
作者单位：Wayne State University
摘要：This study extends current knowledge of upper echelon executive compensation beyond the CEO, specifically CFO compensation, based on whether they possess generalist or specialist skills. We find that strategic CFOs with an elite MBA (generalist) consistently command a compensation premium, while accounting CFOs (specialist) and CFOs with a non-MBA master's degree, even from an elite institution, do not. Further, scarce strategic CFOs are awarded both higher salaries and higher equity-based com...
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作者：Kleinbaum, Adam M.; Stuart, Toby E.
作者单位：Dartmouth College; University of California System; University of California Berkeley
摘要：In multidivisional firms, the corporate staff is central to the implementation of corporate-level strategy, but empirical evidence on its function is limited. We examine one corporate staff through e-mail analysis. We find sharp cross-sectional differences in communication patterns: staff members have networks that are larger, more integrative, and richer in structural holes. However, much of this difference is attributed to sorting processes, rather than being caused by employment in the corp...
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作者：Fitza, Markus A.
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Newcastle
摘要：Variance decomposition analysis is often used to examine the degree to which CEOs influence their companies' performance (the so-called CEO effect). Such studies play an important role in a body of literature that investigates the effect of leadership on organizations. In this paper, I argue that these previous studies have an important underlying flaw. Empirically, these studies wrongly attribute the performance effect of randomness-of chance-to the CEO. I demonstrate how randomness can affec...
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作者：Etzion, Dror; Pe'er, Aviad
作者单位：McGill University; Rutgers University System; Rutgers University Newark; Rutgers University New Brunswick
摘要：Often, signaling research in the strategy and economics literature postulates the existence of an ostensible signal and then empirically tests its veracity, utilizing cross-sectional data. We argue that this static approach does not allow researchers to fully incorporate the concept of equilibrium in their analysis, thereby potentially violating a key axiom of signaling theory. We propose that a dynamic analysis of signals can address this omission, and then conduct such an analysis. We use em...
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作者：Herrmann, Pol; Nadkarni, Sucheta
作者单位：Iowa State University; Drexel University
摘要：Using the five factor model (FFM) of personality, we delineate two distinct roles of CEO personality in managing strategic change: initiating strategic change and determining the performance effects of strategic change implementation. Based on data from 120 smalland medium-sized enterprises (SMEs) in Ecuador, we found that some FFM traits of CEOs influenced initiation only (extraversion and openness), others similarly influenced initiation and performance effects of implementation (emotional s...
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作者：Ahearne, Michael; Lam, Son K.; Kraus, Florian
作者单位：University of Houston System; University of Houston; University System of Georgia; University of Georgia; University of Mannheim
摘要：This article reconciles mixed findings about the performance impact of middle managers' strategy involvement. We propose that the relationship between middle managers' adaptive strategy implementationthrough upward and downward influenceand objective business performance can be curvilinear and contingent on formal and informal structures. Applying a multilevel perspective to social networks, we empirically show that reputational social capital enhances the performance impact of middle managers...
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作者：Kim, Changhyun; Bettis, Richard A.
作者单位：University of North Carolina; University of North Carolina Chapel Hill
摘要：Academics, politicians, and journalists are often highly critical of U.S. firms for holding too much cash. Cash holdings are stockpiled free-cash flow and incur substantial opportunity costs from the perspectives of economics. However, behavioral theory highlights the benefits of cash holdings as fungible slack resources facilitating adaptive advantages. We use the countervailing forces embodied in these two theories to hypothesize and test a quadratic functional relationship of returns to cas...
